Green Square Capital LLC boosted its position in shares of International Paper Co (NYSE:IP) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,999 shares of the basic materials company’s stock after acquiring an additional 28,774 shares during the period. International Paper makes up approximately 1.3% of Green Square Capital LLC’s holdings, making the stock its 19th largest holding. Green Square Capital LLC’s holdings in International Paper were worth $8,575,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Calton & Associates Inc. bought a new position in International Paper during the fourth quarter valued at about $106,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in International Paper during the fourth quarter valued at about $112,000. Wagner Wealth Management LLC bought a new position in International Paper during the fourth quarter valued at about $112,000. Cerebellum GP LLC acquired a new stake in International Paper during the fourth quarter valued at approximately $121,000. Finally, Amica Retiree Medical Trust acquired a new stake in International Paper during the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.
A number of research firms have weighed in on IP. BMO Capital Markets downgraded International Paper from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Wells Fargo downgraded International Paper from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a report on Wednesday, March 7th. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded International Paper from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, DA Davidson lifted their price objective on International Paper to $74.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.17.
International Paper (NYSE:IP) last announced its earnings results on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.01 billion. International Paper had a return on equity of 29.05% and a net margin of 9.36%. International Paper’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. research analysts anticipate that International Paper Co will post 4.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Tuesday, February 20th. International Paper’s payout ratio is currently 36.97%.
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International Paper Company Profile
International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.
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